Craig-Hallum Downgrades 8x8 to Hold, Lowers Price Target to $4
Portfolio Pulse from richadhand@benzinga.com
Craig-Hallum analyst George Sutton has downgraded 8x8 (NASDAQ:EGHT) from Buy to Hold and lowered the price target from $7 to $4.

August 09, 2023 | 12:30 pm
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8x8's stock has been downgraded from Buy to Hold by Craig-Hallum, with a lowered price target from $7 to $4.
The downgrade from Buy to Hold by Craig-Hallum indicates a less optimistic outlook for the company's stock. The lowered price target from $7 to $4 also suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100